For Immediate Release
23 October 2017
Re: Decision on PLDT-Globe-SMC Telco Case at the Court of Appeals
The Philippine Competition Commission (PCC) has yet to receive the official copy of the decision from the Court of Appeals. Rest assured, however, that we will take the appropriate legal steps to move this multi-billion acquisition case forward.
We are firm in our resolve to perform our mandate under the law. We note that a year after the sale, the public continues to complain of slow, expensive and poor quality of internet and mobile services. If anything, this has further fueled our determination to safeguard the market and promote the interests of consumers.
The Philippine Competition Commission is a national government agency duly mandated by law to review mergers and acquisitions for their possible negative impact on fair competition in the market.